So you have your estate plan all planned out, right? You have a will or a living trust in place with financial Powers of Attorney and Advanced Health Care Directives in place and the titles and beneficiary designations to all assets are done properly. You’re all set, right?
What about your Twitter, eBay, PayPal, and LinkedIn accounts? What about your emails? What about your Facebooks account and the 1,247 pictures you have on there? What about the online access to bank, brokerage, and retirement accounts?
Does your estate planning cover these, and the many, many other types of “digital” assets that many of us have? Does it give your Agent, Trustee, or Executor express authority to access, edit, download content from, or close them?
Proposed laws, such as the Fiduciary Access to Digital Assets Act, are in the works to address the issues of access to digital accounts by and agent, trustee, or executor, but until the legislators can catch up we can do a quick review of your current documents and make any changes that are necessary to make sure that your vacation pictures from last year’s Hawaii trip in your DropBox account are covered, as well as your private financial information.
Krista D. S. Dupps
Attorney, Lawyer in Blue Jeans Group